Summary
This quarter is looking good, and if it continues, we should see a good revival in the next year. This year will be flat. People keep looking at the volume number of FY19 (peak year), but when you look at the tonnage, that has already gone ahead. Going forward, we are going to continue our growth irrespective of the economic conditions.
I don’t think the company requires any additional funding. This would be the last fundraising that they are doing from Ashok Leyland. It is good for promotion of EVs, but irrespective of that, all the states are looking at purchasing EVs.
The Hindujas have positioned Ashok Leyland for long-term success, as the Hinduja Group invests in green technology and financial verticals. From ICE dominance to EV leadership, the group is aligning its strategy with sustainable and scalable industry trends.